The global QSFP module market produces around 750 million units in 2016 and is expected to surpass 1440 million units by 2021, says Technavio.
Technavio has announced its latest market research report on the global QSFP module market under its embedded systems portfolio. This market analysis considers the major drivers and key emerging trends and offers an analysis of key vendors like Finisar, InnoLight Technology, Lumentum Operations, NeoPhotonics Corporation, Oclaro, Oplink Communications, Source Photonics, and Sumitomo Electric Industries.
According to Navin Rajendra, a lead analyst for embedded systems research at Technavio, “The rising number of optical fiber communication network connections will drive the growth in the QSFP module market. These fiber networks are corrosion-free, present no fire hazard, and can carry signals over long distances with minimal breakdown. Such advantages of this optical fiber will encourage various industries to build their communication network infrastructure using these products.”
The different industries that use fiber network products include military and aerospace, mining, oil and gas, telecommunication, transportation, and utilities. The fiber to the premises (FTTP) initiative by different countries such as Australia, China, India, and New Zealand is driving the demand for optical fiber and optical fiber components for FTTx connections. The emergence of high-speed FTTH service will increase the demand for QSFP modules in the global market.
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Emerging cloud computing
The implementation of cloud computing solutions by various companies will increase their scalability, viability, reliability, and faster time-to-market, thereby increasing their productivity. The storage and data retrieval and the efficient development of prototypes are benefits of using cloud computing. To facilitate faster data transfer companies are installing QFSP/QFSP+ modules that enable higher bandwidth speed using the existing optical fiber network, without adding powerful new circuits.
Convergence of optical and semiconductor ecosystems
The introduction of 4G, deployment of FFTH/B networks, and the requirement for high-speed transmission networks accelerated the investments in optical fibers in various industries. Such developments will drive the demand for nanostructure-based optical devices such as optical fuses, optical limiters, optical switches, and nanomaterials such as quantum dots, nanoparticles, photonic crystals, and carbon nanotubes. These products will increase the adoption of QSFP modules supporting higher bandwidth applications in various industries across the globe.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also offers a complete study of key drivers, challenges, and opportunities influencing this market.
A more thorough study is published in the Technavio report titled, ‘Global QSFP Module Market 2017-2021’. Technavio also customizes reports by additional regions and specific segments upon request.
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